XML 80 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities:      
Net earnings, including noncontrolling interests $ 453 $ 402 $ 319
Adjustments:      
Depreciation and amortization 142 257 180
Annuity benefits 531 541 510
Realized gains on investing activities (230) (367) (74)
Net (purchases) sales of trading securities 2 17 (45)
Deferred annuity and life policy acquisition costs (222) (212) (239)
Change in:      
Reinsurance and other receivables 176 (495) (228)
Other assets (149) (51) (101)
Insurance claims and reserves (200) 918 134
Payable to reinsurers 51 0 155
Other liabilities 280 (180) 245
Managed investment entities’ assets/liabilities (98) (21) (212)
Other operating activities, net 24 8 23
Net cash provided by operating activities 760 817 667
Investing Activities:      
Purchases of fixed maturities (6,690) (4,458) (5,321)
Purchases of equity securities (461) (281) (397)
Purchases of mortgage loans (274) (269) (190)
Purchases of real estate, property and equipment (52) (71) (86)
Proceeds from maturities and redemptions of fixed maturities 3,236 2,262 1,974
Proceeds from repayments of mortgage loans 102 46 269
Proceeds from sales of fixed maturities 275 632 1,293
Proceeds from sales of equity securities 434 437 198
Proceeds from sales of real estate, property and equipment 34 4 3
Proceeds from sales of subsidiaries 0 322 9
Cash and cash equivalents of businesses sold (5) (34) (5)
Managed investment entities:      
Purchases of investments (1,426) (1,849) (1,563)
Proceeds from sales and redemptions of investments 1,904 1,857 1,391
Other investing activities, net 8 (23) (14)
Net cash used in investing activities (2,915) (1,425) (2,439)
Financing Activities:      
Annuity receipts 4,233 2,993 3,326
Annuity surrenders, benefits and withdrawals (1,588) (1,504) (1,321)
Net transfers from variable annuity assets 32 36 39
Additional long-term borrowings 0 372 2
Reductions of long-term debt (40) (365) (20)
Issuances of managed investment entities’ liabilities 1,192 781 394
Retirement of managed investment entities’ liabilities (1,560) (830) (66)
Issuances of Common Stock 54 46 39
Repurchases of Common Stock (70) (415) (315)
Cash dividends paid on Common Stock (160) (90) (67)
Other financing activities, net (4) (35) (14)
Net cash provided by (used in) financing activities 2,089 989 1,997
Net Change in Cash and Cash Equivalents (66) 381 225
Cash and cash equivalents at beginning of year 1,705 1,324 1,099
Cash and cash equivalents at end of year $ 1,639 $ 1,705 $ 1,324